AIX Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
GUANGZHOU, China, Feb. 25, 2025 — AIX Inc. (NASDAQ: AIFU) (“AIX” or the “Company”) announced today that it received a notice from Nasdaq Listing Qualifications Department on February 24, 2025. The notice indicated that the Company’s American depositary shares (“ADSs”) had a closing bid price below the US$1.00 minimum for 30 consecutive business days, failing to meet Nasdaq Listing Rules 5450(a)(1). The notification does not currently affect the listing or trading of AIX’s securities on the Nasdaq Global Market.
According to Nasdaq Listing Rules 5810(c)(3)(A), AIX has 180 calendar days, until August 25, 2025, to regain compliance. Compliance will be achieved if the Company’s ADSs closing bid price is US$1.00 or higher for at least ten consecutive business days, at which point Nasdaq will issue a written confirmation and close the matter.
If compliance is not achieved by August 25, 2025, AIX may be eligible for an additional 180-day compliance period, subject to Nasdaq staff determination, provided it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, except for the minimum bid price. In this case, AIX must provide written notice of its intent to correct the deficiency during the second compliance period, potentially through a reverse stock split.
The Nasdaq notice will not impact AIX’s business operations, and the Company will take reasonable steps to regain compliance.
About AIX Inc.
Established in 1998, AIX is a leading Chinese intelligent technology-driven independent financial services provider. It offers insurance protection, wealth management, and value-added services to 400 million middle-class families. The company also provides technical support and comprehensive solutions to independent financial advisors and various insurance/financial sales organizations. AIX has become a leader in intelligent transformation within the financial services industry through AI-driven insights and advanced digital tools.
Forward-looking Statements
This press release contains forward-looking statements made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements, including those regarding the Company’s future financial and operating results, can be identified by terms such as “will,” “expects,” “believes,” “anticipates,” “intends,” “estimates,” and similar expressions. These statements involve known and unknown risks and uncertainties, and are based on current expectations, assumptions, estimates, and projections about AIX Inc. and the industry. Potential risks and uncertainties include, but are not limited to, its ability to attract and retain productive agents, especially entrepreneurial agents; maintain existing and develop new business relationships with insurance companies; execute its growth strategy; adapt to the evolving regulatory environment in the Chinese insurance industry; compete effectively against its competitors; and quarterly variations in its operating results caused by factors beyond its control, including macroeconomic conditions in China. Unless otherwise stated, all information in this press release is current as of the date hereof, and AIX Inc. does not undertake any obligation to update forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although AIX Inc. believes its expectations are reasonable, it cannot guarantee their accuracy, and investors are cautioned that actual results may differ materially from anticipated results. Further information regarding risks and uncertainties faced by AIX Inc. is included in its filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F.
For more information, please contact:
AIX Inc.
Investor Relations
Tel: +86 (20) 8388-3191
Email: ir@aifugroup.com
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